Navratna PSU Dividend: Last date To Be Eligible Is Feb 18, Buy For TP Rs 119

Navratna company NBCC (India) Ltd shares today declined 4.16% in trade on Bombay Stock Exchange (BSE) to Rs 82.11 per share. The PSU witnessed significant fall in last few days as its shares slipped as much as 17.73% in last 2-weeks when Sensex tanked 2.01%. The scrip is currently trading 41.31% down from its 52-week high price of Rs 139.90 per share if today’s last trading price is taken into consideration. In last 6-months, the stock recorded a steep dip of 29.11%.

Earlier on February 11, 2025 the firm recommended an interim dividend of Re 0.53/- per share of the face value of Re 1 each for the financial year 2024-25. The company has a market capitalisation of Rs 22,169.70 crore. It is worth mentioning that NBCC is backed by LIC as the PSU insurer has 5.11% stake in the company. Check more details below:

NBCC Bags New Order

The company informed today about receiving new orders worth Rs 851.69 crore. It informed it received Rs 776.75 crore order from Damodar Valley Corporation. It bagged yet another order worth Rs 74.94 crore from Ministry of Housing and Urban Affairs.

Should You Buy NBCC Shares?

Leading brokerage firm Nuvama has buy call on NBCC with reduced target price of Rs 119 from the earlier target price of Rs 133. “Order-wins remained strong at Rs 47,200 crore in 9mFY25; the company awarded projects worth Rs 16,000 crore in the nine months of the year. While improvement in order intake is a positive, lesser-than-expected progress on top line/margins forces our hand to slash FY25-27 EPS by 3-5 per cent and PE from 50x to 45x. Maintain ‘BUY’ with a revised target of Rs 119 (earlier Rs 133),” it said.

Meanwhile, out of a total of 4 analysts tracking NBCC shares, two recommended buy call while the remaining gave sell call, according to Bloomberg.

NBCC Shares To Trade Ex-Dividend In 4-Days

NBCC on February 11, 2025 recommended an interim dividend for the Financial Year 2024-25 of Rs. 0.53 /- (i.e. 53%) per equity share of Rs. 1 each. The company revised the record date for interim dividend to Feb 18, 2025 for fixing the eligibility of shareholders for payment of interim dividend.

NBCC Q3 Results

It declared the net profit for the quarter ended December 2024 at Rs 138.5 crore, up 25.1% year-on-year (YoY) as against Rs 110.7 crore announced in the corresponding quarter of last year. The company declared its consolidated revenue from operations for the December 2024 quarter at Rs 2827 crore, up 16.6% YoY as against Rs 2423.5 crore announced in same quarter of last year. The firm’s EBITDA (as operating level) stood at Rs 142 crore, up 22% as compared to Rs 116.8 crore an year ago. EBITDA margin improved by 5% for December 2024 quarter from 4.8%. The earning per share (EPS) of the company stood at Re 0.51 for December 2024 from Re 0.41 in December 2023 quarter.

NBCC Shares Performance

The 52-week high price of NBCC (India) Ltd shares on BSE is Rs 139.90 per share (as on 28/08/2024) and 52-week low price is Rs 70.14 per share (as on 14/03/2024), respectively. It offers a return on equity (ROE) at 19.74%. NBCC shares dived 11.65% year-to-date, surged 254.23% in last 2-years, and soared 191.07% in last 3-years. The PSU stock zoomed 284.77% in last 5-years.

How To Be Eligible For NBCC Dividend

Record date is significant in fixing shareholders’ eligibility for dividend. Shareholders whose name appear in firm’s record on the record date receive dividend. Record date is the date when the firm confirms the list of shareholders qualified for the company’s dividend distribution. In the case of NBCC, the record date has been fixed as February 18, 2025. Therefore, shareholders must buy NBCC shares (only after taking SEBI’s registered advisor’s advice) before the record date to receive dividend.

NBCC Dividend History

The PSU recommended a total of 16 dividends since August 30, 2012. In last 1-year, NBCC (India) recommended an equity dividend amounting to Rs 0.63 per share. At last trading price of Rs 85.33 apiece, NBCC offers a dividend yield of 0.77%. And, after adjusting for bonus issue/ stock split the dividend yield is 0.51%, according to Trendlyne.

NBCC Bonus Shares History

It recommended 2 bonuses since February 17, 2017. The PSU’s last bonus was recommended in the proportion of 1:2 with ex-date set as October 7, 2024.

Disclaimer: The stock has been picked from the brokerage report of Nuvama. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.